JBTMarel Corp (JBTM)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,716,000 | 1,664,400 | 1,590,300 | 1,400,800 | 1,727,800 |
| Receivables | US$ in thousands | 335,100 | 288,900 | 265,600 | 333,500 | 304,400 |
| Receivables turnover | 5.12 | 5.76 | 5.99 | 4.20 | 5.68 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,716,000K ÷ $335,100K
= 5.12
The receivables turnover ratio for JBTMarel Corp over the period from December 31, 2020, to December 31, 2024, exhibits fluctuations that reflect changes in the company's efficiency in collecting accounts receivable.
In 2020, the ratio stood at 5.68, indicating that the company was able to convert its receivables into cash approximately 5.68 times during that year. This suggests a relatively efficient collection process at that time. Moving into 2021, the ratio declined to 4.20, signaling a decrease in collection efficiency and implying that receivables were being collected less frequently during that period.
However, in 2022, there was a marked improvement with the receivables turnover increasing to 5.99, surpassing the 2020 level. This indicates a more efficient collection process than both 2020 and 2021, approaching pre-decline performance.
In 2023, the ratio slightly decreased to 5.76, signifying a marginal reduction in collection efficiency but remaining relatively high compared to earlier years. The most recent data for 2024 shows a further decline to 5.12, which still suggests a relatively efficient collection process, albeit slightly less effective than the peak observed in 2022 but improved compared to 2021.
Overall, the trend demonstrates periods of fluctuation with a notable dip in 2021, followed by recovery and stabilization around a ratio of approximately 5.1 to 6.0 in subsequent years. The variations may reflect seasonal factors, changes in credit policies, or shifts in customer payment behaviors. While the ratio has not returned to the pre-2021 high of 5.68, the company has maintained a generally stable receivables collection efficiency in recent years.
Peer comparison
Dec 31, 2024